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extension was constructed from Juab to Frisco between that time and the summer of 1880. The railroad entered Beaver County, therefore, early in 1880. When the extension was completed, the Utah Central, Utah Southern and Utah Southern Extension were all consolidated under one name, the Utah Central Railway, from Ogden to Frisco, 280 miles. The Union Pacific Railroad Company came into the Utah Central by purchase in 1872, from Brigham Young, of 5,000 shares of stock of the Utah Central Railway Co. The subsequent extensions, under the name of Utah Southern, or the Utah Southern Extension, were financed by the Union Pacific and the men who built the Utah Central and were interested in the further development of the country in the Salt Lake Valley and south thereof.
The chief objective of the Utah Southern Extension was the rich silver and lead mining district in the vicinity of Frisco. As you know, I am sure, the largest and heaviest producer of the mines in that locality between 1875 and about 1883 was the famous Horn Silver Mine. This mine was opened and developed largely by English capitalists, associated with New York investors, among whom were Cunard, of the trans-Atlantic steamship group, and Franckly, of New York, who was president of the company which owned the Horn Silver Mine, and established a smelter in the valley, then known as the Francklyn smelter. The record seems to show a primary investment in this development of about $10,000,000. The lode which the Horn Silver developed was an extremely rich one, the galena ore in it assaying as high as $1500 to the ton of silver and lead content of from 20% to 40%. The movement of ore from this mine on the railroad was heavy, running as high as 150 tons per day, and it was very profitable, both to its owners and to the railroad from the standpoint of traffic, for a number of years, but in 1882 or 1883 it began rapidly to recede, the production of the mine fell off considerably, and the railroad became unprofitable mainly for that reason.

extension was constructed from Juab to Frisco between that time and the summer of 1880. The railroad entered Beaver County, therefore, early in 1880. When the extension was completed, the Utah Central, Utah Southern and Utah Southern Extension were all consolidated under one name, the Utah Central Railway, from Ogden to Frisco, 280 miles. The Union Pacific Railroad Company came into the Utah Central by purchase in 1872, from Brigham Young, of 5,000 shares of stock of the Utah Central Railway Co. The subsequent extensions, under the name of Utah Southern, or the Utah Southern Extension, were financed by the Union Pacific and the men who built the Utah Central and were interested in the further development of the country in the Salt Lake Valley and south thereof.
The chief objective of the Utah Southern Extension was the rich silver and lead mining district in the vicinity of Frisco. As you know, I am sure, the largest and heaviest producer of the mines in that locality between 1875 and about 1883 was the famous Horn Silver Mine. This mine was opened and developed largely by English capitalists, associated with New York investors, among whom were Cunard, of the trans-Atlantic steamship group, and Franckly, of New York, who was president of the company which owned the Horn Silver Mine, and established a smelter in the valley, then known as the Francklyn smelter. The record seems to show a primary investment in this development of about $10,000,000. The lode which the Horn Silver developed was an extremely rich one, the galena ore in it assaying as high as $1500 to the ton of silver and lead content of from 20% to 40%. The movement of ore from this mine on the railroad was heavy, running as high as 150 tons per day, and it was very profitable, both to its owners and to the railroad from the standpoint of traffic, for a number of years, but in 1882 or 1883 it began rapidly to recede, the production of the mine fell off considerably, and the railroad became unprofitable mainly for that reason.